cross-posted from: https://lemmy.ca/post/22055566
Google ad on a magazine from 1999
this post was submitted on 27 May 2024
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Notice that era was before they went public. Then it predictably became the "how do we make a profit this quarter?" era.
That's not a Google issue. That's literally each and every public traded corporation. They need to maximize shareholders profits by definition.
Could we stop stock markets and that? I'd love it.
I don't believe anyone decided to step in deeper shit one step at a time, they listed, and from there onwards it's the only possible path. Death by a thousand greedy strokes.
It's a Google issue because the executives... specifically chose to chase higher profits on the stock exchange. There's plenty of private companies that make money, yet retain their soul and aren't at the quarterly whim of outside investors...